economy
SpaceX to close above $2 trillion market cap on its debut, prediction market traders say
Traders on Polymarket think it's likely SpaceX will join a group of just six companies with a market value beyond $2 trillion.
TL;DR
- SpaceX is expected to debut on the Nasdaq on Friday.
- Traders on Polymarket predict a significant increase in SpaceX's share price on its first day.
- There is an 84% chance SpaceX will close above $1.8 trillion in market cap.
- Odds suggest a 69% probability that SpaceX will surpass $2 trillion in market cap on its debut.
- A market cap of $2 trillion would place SpaceX among the five other U.S. companies with valuations north of $2 trillion.
- Even at its expected initial valuation of $1.77 trillion, SpaceX would be larger than Tesla's market value.